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Trade Idea Update: USD/CHF - Sell at 0.9710

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 2, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although the greenback has retreated after meeting resistance around 0.9700, break of support at 0.9636 is needed to confirm recent decline from 0.9951 top has resumed and extend weakness to 0.9625-30 (1.236 times projection of 0.9951-0.9793 measuring from 0.9822), then 0.9600 but oversold condition should limit downside to 0.9565-70 (1.618 times projection) and bring rebound later.[​IMG]

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